Proposed Rule
Exemption of Certain Foreign Brokers or Dealers
Overview
The Securities and Exchange Commission ("Commission' or "SEC') is proposing to amend a rule under the Securities Exchange Act of 1934 ("Exchange Act'), which provides conditional exemptions from broker-dealer registration for foreign entities engaged in certain activities involving certain U.S. investors. To reflect increasing internationalization in securities markets and advancements in technology and communication services, the proposed amendments would update and expand the scope of certain exemptions for foreign entities, consistent with the Commission's mission to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.
Resources
Details
Public Comments Due
Sept. 8, 2008
File Number
S7-16-08
Rule Type
Proposed
Release Number
34-58047
SEC Issue Date
June 27, 2008
Federal Register Publish Date
July 8, 2008
Document Citation
73 FR 39181
RIN
3235-AK15
Public Comments